Business Context and Reporting Period
Company: Red River Bancshares, Inc.
Filing Type: Form 8-K (Current Report)
Date: August 7, 2025
Event: Entry into a Material Definitive Agreement for a stock repurchase.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial results. Key figures include:
- Transaction Value: Approximately $5.3 million.
- Shares Repurchased: 100,000 shares of Common Stock.
- Pricing: Reflects a discount to the 10-, 20-, and 30-day volume weighted average price as of August 1, 2025.
- Remaining Repurchase Capacity: Approximately $4.3 million under the existing $5.0 million program (effective through December 31, 2025).
Material Changes
The filing details a privately-negotiated transaction with the Angela Katherine Simpson Irrevocable Trust and John Charles Simpson. Ownership changes are as follows:
- Angela Katherine Simpson Irrevocable Trust: Ownership decreased from 259,739 shares (3.9%) to 167,239 shares (2.5%).
- John Charles Simpson: Ownership decreased from 309,911 shares (4.6%) to 302,411 shares (4.6%).
- Program Status: This transaction is supplemental to the previously announced $5.0 million repurchase program and does not reduce the remaining capacity of that program.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors and the Nominating and Corporate Governance Committee approved the agreement. The transaction is expected to close on or before August 12, 2025.
Risks and Contingencies: The filing notes that the description of the agreement is qualified by the full text of the Stock Repurchase Agreement filed as Exhibit 10.1. No specific financial risks or contingencies regarding the company's overall operations are detailed in this excerpt.
Investor Verification Checklist
- Verify the closing date of the transaction (expected on or before August 12, 2025).
- Review the full Stock Repurchase Agreement (Exhibit 10.1) for specific covenants and conditions.
- Confirm the exact volume weighted average price used to calculate the discount.
- Monitor the remaining $4.3 million capacity under the separate $5.0 million Repurchase Program.